Glycyrrhiza glabra Linn (Fabaceae), commonly known as Licorice/Liquorice, Mulahatti; is an undershrub. The dried, peeled or unpeeled underground stems and roots are used for the treatment of upper respiratory tract ailments, immunodeficiency, endocrine disorders, skin, liver, joint and heart diseases. Medicinal properties of this plant are enormous and offer it as one of the greatest candidates in the field of Nanomedicine. The Nanomedicine has dedicated to safeguard and upgrade human health using the nanotechnology. Bioactive constituents of this plant perform versatile pharmacological actions and can be used as good Bioanalytical tools. Therefore, an updated overview on current knowledge of green synthesis of nanoparticles (NPs), nanoformulations and surface modification using G. glabra is provided here in order to explore its therapeutic potential especially antifungal and antibacterial activities. In our lab, we have synthesized silver nanoparticles (Ag NPs) using leaves and rhizome parts of G. glabra.